Turkey – New broadcasting law raises foreign shares in TV companies

A new draft law regarding the establishment and shareholding structure of TV and radio broadcasting corporations brings Turkeys broadcasting industry to the focus of international investors.

Prepared by the Radio and Television Supreme Council (RTUK), the draft law revises the shareholding rights of foreign investors, allowing them to have shares up to 50 percent and granting foreign funds to invest in broadcasting companies.

The draft law also removes the restriction preventing existing foreign investors in the broadcasting industry from becoming a partner of another broadcasting company. According to the new draft law, companies from various fields of activity, including manufacturing, imports, exports, marketing and finance can freely invest in the broadcasting industry. The new law will enter into force following parliamentary approval.